P79: Change in Direction

Should we withdraw our funds from P79 to the community wallet or transition available funds to P79 token presale?

Project 79 delivered another great month at 6.4%, however, their model is changing. Our total value locked at this moment in time comes to $32,282.42. We voted earlier this month to withdraw our January returns which were an additional $2,066.08. We have $32,282.42 remaining with P79. They have been working towards releasing a token and are providing all P79 sacrificers to convert their fiat value into their token pre-sale. We are also able to withdraw our profits in full if we wish to be more risk averse. This proposal is to determine which direction we are heading. If we decide to split withdrawal and reinvestment to their token, the next proposal will decide the ratio in which we reinvest and take our profits/principal.

I highly suggest everyone able to vote to do their own research on Project 79 before placing their vote, and not to just rely on the information here. You can join their discord here: (https://discord.gg/project79)

What is changing with Project 79? Previously with project 79, we made deposits with USDT and sacrificed them for 6 months gaining interest on our sacrifice at the end of each month. We then had the option to withdraw the interest, or sacrifice it again. So far, 100% of our returns have been sacrificed again, each starting it's own 6 month lockup period.

Our understanding is that the model will no longer accept USDT sacrifices, but instead require purchasing a new P79 token. The P79 token will represent shares and ownership of the operation, and rewards are due to be paid out in another new token that will represent gold. The gold token should remain stable to the price of gold. This token will be able to be redeemed for physical gold or into stable coins. This new model will also mean P79 will be providing us with quarterly reports such a geological reports, financial reports, gold extracted, gold sold, money in, money out and more.

If we transition it should also be noted that "you will likely not receive earnings in February due to the operations being upgraded and set up, with the earnings on the token itself starting in March. ". However, if we opt to put the $32,282.42 into the presale, we will receive a 20% bonus in tokens.

Potential Foreseen Benefits Transparency of the operation Compounded returns Potentially a cheaper entry to P79 token as institutional investors may wish to purchase, and may be happy with lower monthly returns therefore willing to pay more for the P79 token itself. There will be a limited supply.

Potential Foreseen Risks P79 token doesn't hold value resulting in a significant or 100% loss Gold pegged token depegs resulting in a significant or 100% loss Never able to withdraw our original investment after transitioning due to project failure